India, Russia signs 16 MoUs including procurement of the S-400 air defence system
Posted on: 17 Oct 2016 09:20:35
17 October 2016 Current Affairs: India and Russia has signed 16 agreements during India-Russia Annual Summit across multiple sectors on 15 October 2016.
The MoUs were signed in Goa during India-Russia Annual Summit co-chaired by Prime Minister Narendra Modi and Russian President Vladimir Putin. President Putin is on a visit to India to attend 2016 Goa BRICS summit.
List of agreements/MOUs :
Memorandum of Understanding proposed to be executed between EDB, Joint Stock Company Аlexeev’s Central Hydrofoil Design Bureau, Joint Stock Company Radar Mms, Joint Stock Company Morinsis-AGAT and Elcom Systems Private Limited for developing the following:
a.A single integrated Transport Logistics System
b.Concept of Smart city
c.Intellectual monitoring system for the areas of high responsibility, in the State of Andhra Pradesh.
MoU on studying perspectives for cooperation in shipbuilding, implementation of infrastructure projects, transfer of technologies and training foreign specialists : It was inked between JSC United Shipbuilding Corporation and the Council for Economic Cooperation of Andhra Pradesh.
MoU on Cooperation in the implementation of smart cities program in India with the use of IT solutions of the Russian companies : It was inked between JSC "Rusinformexport” and the Ministry of Urban Development of India, Ministry of Home Affairs, State Company National Buildings Construction Corporation Ltd., Government of Haryana.
MoU on the joint study of a gas pipeline to India and the other possible areas of Cooperation : It was inked between Gazprom and Engineers India Limited.
Rosneft to purchase 98% Essar Oil : as per the decision a Russian consortium comprising energy giant Rosneft Oil Company, commodities trader Trafigura and private investment group United Capital Partners agreed to purchase 98 percent of Essar Oil for 10.9 billion dollars.
Cooperation Agreement in the area of Education and Training : It was inked between Rosneft Oil Company and ONGC Videsh Limited.
MoU on setting up of Investment Fund : It was inked between NIIF and RDIF.
Signing of MoU for Cooperation in increasing the speed of trains between Nagpur- Secundrabad / Hyderabad : It was inked between Indian and Russian railways.
Signing of the shareholder agreement for establishing a Joint Venture to manufacture Ka-226T helicopter in India.
MoU on Mutual Allocation of Ground Measurement Gathering Stations for GLONASS AND NAvIC : It was inked between ISRO and ROSCOSMOS.
MoU on expansion of Bilateral Trade and Economic Cooperation: it was inked between Ministry of Economic Development of the Russian Federation and the Union Ministry of Commerce and Industry.
MoU between Department of Science & Technology (India) and FASO (Russia)
Programme of Cooperation in Oil and Gas Sector for the period 2017-18
Protocol for consultations between the Ministry of External Affairs & Ministry of Foreign Affairs of Russia for the period 2017-18.
Agreement on cooperation in International Information Security
Signing of IGA to purchase/construct four additional 1135.6 frigates though partnership between Russian and Indian shipyard
Signing of IGA for the procurement of S-400 Air Defence System.
They also decided to adopt a Roadmap of Events' to celebrate the 70th anniversary of the establishment of diplomatic relations between India and Russian in 2017. They also released a joint statement partnership for global peace and stability.
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